The Halving

Percentage of total Bitcoins mined: 92.70% Current mining reward per block: 6.25 BTC Block mined between each halving: 210,000 Total Bitcoins in circulation: 19,466,28 Total Bitcoins to ever be produced: 21,000,000 Next estimated halving date: April 2024 Recorded date: August, 2023 A Bitcoin halving occurs when the rewards for mining new blocks is halved, resulting in miners receiving 50% fewer Bitcoins for solving a new block. When Bitcoin first began, miners were rewarded with 50 Bitcoins per block. The block reward is halved every 210,000 blocks mined (roughly every 4 years) and will continue to halve until the reward per block reaches zero (around year 2140). A reduction in mining rewards reduces the number of new Bitcoins on the market.